how much is the ending inventory using the weighted average method?

Q: The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a…

A: Under LIFO (Last in First out) method, whenever a sale happens then items which are bought recently…

Q: Jungkook Inc. uses the retail method of inventory. At the end of June, the records of the company…

A: Particulars  Cost  Retail Beginning Inventory P550,000 P820,000 Purchases…

Q: Cost Selling   Retail Selling Price Inventory of merchandise, June 30 Rs300,000 Rs500,000…

A: a) Cost of Goods Sold It refers to the cost incurred by a company that is directly related to…

Q: The following units of a particular item were available for sale during the calendar year: Jan. 1…

A: Weighted average cost method: It is an inventory valuation method that is used to compute the cost…

Q: Mark Price Company uses the gross profit method to estimate inventory for monthly reporting…

A: Ending inventory = Goods available for sale - Cost of goods sold

Q: The following units of an item were available for sale during the year: Beginning inventory 35 units…

A: FIFO: FIFO stands for First-In, First-Out.  In this method inventory purchased first will be sell…

Q: A company uses the periodic inventory system and had the following activity during the current…

A: LIFO means last in first out where as FIFO means first in first out. Inventory and cost of goods…

Q: On 1st May, the Opening Inventory balance of a product is 200 units @ 10 per unit. Using the…

A: Under FIFO method goods that are brought at earlier dates are sold first. Cost of goods sold include…

Q: Jammer Company uses a weighted average perpetual inventory system and reports the following:…

A: Cost of inventory on August 29 = ($260 + $435) x (5 / 25) = $139

Q: Assume the beginning Inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A: Beginning Inventory         500 First Purchase       700   Second Purchase       800   Third…

Q: The inventory records of Kiwi Company show the following purchases during the first quarter…

A:

Q: Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A: Comments; Multiple Questions asked  FIFO - It is a method of inventory valuation in which goods…

Q: The units of an item available for sale during the year were as follows: January 10 January 15…

A: FIFO is First in first out method of inventory valuation method in which inventories purchased first…

Q: The following units of a particular item were available for sale during the calendar year: Jan. 1…

A: Calculate the cost of merchandise sold and ending inventory. (Weighted average method).

Q: Mark Price Company uses the gross profit method to estimate inventory for monthly reporting…

A: Net Sales = Sales revenue - Sales returns = $1,000,000 - $70,000 = $930,000 a. Cost of goods sold =…

Q: Pearl Company uses the gross profit method to estimate inventory for monthly reporting purposes.…

A: Ending Inventory = Beginning Inventory + Purchases - Cost of goods sold   Cost of goods sold = Sales…

Q: A company reports the following beginning inventory and two purchases for the month of January. On…

A: Weighted Average Method - Under this method of inventory valuation company takes average of the cost…

Q: A company had the following purchases during its first year of operations: Purchases Sales January…

A: Weighted Average Cost Method: The weighted average cost technique divides the cost of commodities…

Q: The inventory records for Radford Company reflected the following 600 units @ $2.80 Beginning…

A: Particulars No. of Units Cost per unit Total Value May 1 600 $2.80 $1680 May 7…

Q: Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A: Under the FIFO method, the earliest purchases are sold first. Therefore, the cost of goods sold…

Q: Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: A record of transactions for the month of May was as follows: Purchases   Sales May 1 (balance)…

A: "Last-In, First-Out" accounts for LIFO. That is a cost flow assumption approach used in the…

Q: During the year, Trombley Incorporated has the following inventory transactions. Number Unit Date…

A: Under the LIFO method, the latest sales are sold first, and therefore, the cost of goods sold…

Q: LoBianco Company's record of transactions for the month of April was as follows. Purchases…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: During the year, TRC Corporation has the following inventory transactions.   Date Transaction…

A: Note: As per the norms of Bartleby, only first three subparts are to be mandatorily answered. Hence…

Q: Ivanhoe Company uses the gross profit method to estimate inventory for monthly reporting purposes.…

A: Net sales = Sales revenue - Sales return = $1061800-72100 = $989,700

Q: Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning…

A: The question is based on the concept of Cost Accounting.

Q: Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A:

Q: Bridgeport Company uses the gross profit method to estimate inventory for monthly reporting…

A: Calculating of inventory as a balancing figures in case of gross profit method , we need to prepare…

Q: A company had the following purchases during its first year of operations: Purchases Sales January…

A: FIFO method records its cost of goods sold at the initial purchase prices and that is why it is…

Q: The following information is taken from the inventory records of the CNB Company for the month of…

A: As per periodic inventory system, inventory records are not updated every transaction, they are…

Q: A company had the following purchases during its first year of operations: Purchases Sales 20 units…

A: Month Purchases Sales Jan 20 units at $7 April 30 units at $8 May    15 units at $14

Q: A company has the following purchases and sales during October. Using the FIFO periodic inventory…

A: Inventory refers to the stock that the company kept for resale purposes or the goods that are not…

Q: Trini Company had the following transactions for the month. Number Cost of Units per Unit Total…

A: The merchandise corporations follow inventory valuation method according to their requirements to…

Q: Beginning inventory consist of 800 units at P200 each. Purchases made for the period: January 18 for…

A: Total cost = Cost per unit * Number of units The question requires purchase cost of goods purchased…

Q: Larkspur Company uses the gross profit method to estimate inventory for monthly reporting purposes.…

A:

Q: SOVEREIGN Industries' inventory during the year is given below. The company uses a periodic…

A: Total units sold = 4200 + 2000 + 2500 + 3000 + 1000 - 400 = 12300 units   In the FIFO method, units…

Q: Akira Company had the following transactions for the month. Number Total of Units Cost Beginning…

A: In a Periodic inventory system, the cost of goods sold and the cost of ending inventory is computed…

Q: Given below is information about beginning inventory and purchases for the current year for Peterson…

A: Formula: Gross margin = Total sales - cost of goods sold

Q: Undew Inc's inventory records showed the following data for an item it sells regularly. Date Units…

A:

Q: Crane Enterprises uses a periodic inventory system for buckets it sells. It had a beginning…

A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method.

Q: Concord Company’s record of transactions concerning part X for the month of April was as follows.…

A: (1) FIFO

Q: Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Akira Company had the following transactions for the month. Number Total of Units Cost Beginning…

A: 1. FIFO Method   DATE PARTICULAR Rate PURCHASE SELL BALANCE               Opening Stock…

Q: Pearl Company uses the gross profit method to estimate inventory for monthly reporting purposes.…

A: Cost of goods sold = Inventory may 1 + Net purchase + Freight in - Inventory at May 31 So, Ending…

Q: The accounting records of Amp Electronics show the following data.     Beginning inventory 4,000…

A: Inventory valuation can be done using various methods : A. FIFO method B. LIFO method C. average…

Q: Mark Price Company uses the gross profit method to estimate inventory for monthly reporting…

A: Given,   Inventory, May 1 $ 160,000 Purchases (gross) 640,000 Freight-in 30,000 Sales…

Q: Mika Corporation uses FIFO method to calculate the value of Inventory on hand on March 31 and cost…

A: First In, First Out (FIFO) is part of an accounting method where assets which are acquired first are…